Shares of PSU telecom giant ITI Limited witnessed a sharp surge in Tuesday’s trading session, hitting a fresh 52-week high. The stock climbed 6.92% to ₹316.15, driven by a significant uptick in trading activity.
Investors noted the unusually high volumes, marking a strong shift compared to recent sessions.
Market Performance
- NSE Trading: Around 20.1 lakh shares exchanged hands.
- BSE Trading: Approximately 4.33 lakh shares, well above the two-week average of 56,000 shares.
- Opening Price: ₹316.60
- Previous Close: ₹296.10
- Day’s High: ₹316.15
The PSU stock’s sharp rise came without any immediate fundamental triggers, reflecting market sentiment and investor attention in today’s session.
Recent Company Developments
ITI has had a few notable developments in recent weeks:
- Leadership Change: On January 6, ITI announced that Lt Gen Kanwar Vinod Kumar, Government Director, ceased to be a director upon reaching superannuation on December 31, 2025.
- “This is to inform that Lt Gen Kanwar Vinod Kumar (DIN: 10366028) ceased to be the Director of the Company, upon attaining the age of superannuation on 31.12.2025,” the filing stated.
- Major Work Order: On December 30, 2025, ITI received a ₹72.76 crore work order for an Ice Hockey Rink Project in Kaza, Lahaul & Spiti, Himachal Pradesh.
- The project includes:
- Construction of a full-fledged Ice Hockey Rink
- Installation of a 500 kW solar backup system
- CCTV, lighting, and other essential facilities
- The project includes:
- The project is part of the government’s High-Altitude Sports Training Centre scheme, aiming to promote sports tourism, youth engagement, and world-class sports infrastructure in the high-altitude region of Spiti Valley (~12,000 ft).
ITI Share Price Trend
Despite today’s strong rally, ITI’s stock has shown near-term volatility:
- 6-Month Performance: Down 1%
- 1-Year Performance: Down 25%
- 5-Year Returns: Multibagger gains of 145%
- 52-Week Low: ₹233.20 (February 19, 2025)
- Market Capitalisation: ₹30,315.98 crore (as of January 13, 2026)
The PSU stock remains listed on both NSE and BSE, continuing to attract attention from investors tracking PSU telecom stocks.
Summary
ITI’s sharp price rally to a 52-week high reflects strong investor interest amid heightened trading volumes. With recent developments like leadership changes and strategic infrastructure projects, the company continues to maintain its visibility in the market.
While today’s surge did not have an immediate fundamental trigger, the long-term growth story of ITI remains noteworthy for market participants observing PSU telecom stocks.
Source: Livemint
Easy & quick
Leave A Comment?